A&P SEEKS TO TRIM LOSSES WITH COST SAVINGS

MONTVALE, N.J. -- A&P here said it hopes to improve corporate profitability by holding onto most of the savings it expects to realize from centralization, rather than reinvesting those savings in the company.Christian Haub, chairman and chief executive officer, said the company has identified $75 million in potential cost savings since it centralized administrative and buying operations late last

MONTVALE, N.J. -- A&P here said it hopes to improve corporate profitability by holding onto most of the savings it expects to realize from centralization, rather than reinvesting those savings in the company.

Christian Haub, chairman and chief executive officer, said the company has identified $75 million in potential cost savings since it centralized administrative and buying operations late last year, of which it expects to realize $50 million in fiscal 2005 and $25 million in f